Yesterday's market review: Bitcoin broke through 68,000 in the morning before a pullback, then started to rise again in the afternoon, reaching 69,000 by 9 PM before slightly pulling back. In the early hours of the morning at 6 AM, it charged again, hitting the 70,000 USD mark. Since the drop on July 29, it has been exactly three months, and Bitcoin has once again surpassed 70,000.

As for altcoins? Aside from Solana, Dogecoin has bounced back, but most have disappeared without a trace. Even Ethereum, the leader of altcoins, is still about 28% away from its price on July 29. We have seen too many scams and have been through too many altcoins, and in the end, the money has just vanished, and the coins we bought are gone too.

My belief is that Bitcoin is always the spiritual leader of the crypto space. What does that mean? It means Ethereum can be gone, but if Bitcoin disappears, the whole ecosystem might just be done. Since you've chosen to take risks, just go for it, what's there to be afraid of? At most, it'll go to zero, right?

There's no such thing as a free lunch in the markets, so there won't be sudden surges in coins. What is the mindset of a retail investor? They only see profits during a surge, while experienced investors see the risks behind it. The more it rises, the more fear there is. Why? Because before the rise and fall, they saw a battlefield filled with corpses, a frenzy of greed leaving behind countless skeletons. They see the ever-increasing bubbles, and if they burst, it's all over. Don't complain about why your coins aren't rising yet; think more about whether you bought the right ones.

Now, back to today's market analysis: Looking at the K-line, $BTC is in an uptrend on the hourly chart, an uptrend on the 4-hour chart, an uptrend on the 12-hour chart, and has just entered an uptrend on the daily chart. This wave has a complete hope of reaching new highs. If you have positions, just hold on. The intraday resistance level is 72,000, and the support level is 69,000 USD.

#Bitcoin